Writ petition challenging a bank's web notice proposing transfer of a stressed loan exposure to an Asset Reconstruction Company was withdrawn by the petitioner and dismissed as withdrawn, with no order as to costs.
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W.P.No.20894 of 2026
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 02.06.2026
CORAM :
THE HONOURABLE MR. SUSHRUT ARVIND DHARMADHIKARI, CHIEF JUSTICE AND
THE HONOURABLE MR.JUSTICE G.ARUL MURUGAN
W.P.No.20894 of 2026 and W.M.P.Nos.22560 and 22561 of 2026
T.Narayanan “Visalakshi” No.14, Vallabhai Road, Madurai 625 002
Petitioner
Vs
1.M/s.Industrial Development Bank of India, Rep. by its Chief Manager/ Authorised Officer, Stressed Assets Group, No.115, Anna Salai, Saidapet, Chennai 600 015
2.M/s.Sree Narayana Textiles Pvt. Ltd., Rep. by its Director, “Visalakshi” No.14, Vallabhai Road, Chokkikulam, Madurai 625 002
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W.P.No.20894 of 2026
3.N.Palaniappan “Visalakshi”
New No.12, Old No.14, Vallabhai Road, Chockikulam, Madurai 625 002
4.T.Saraswathi “Visalakshi” New No.12, Old No.14, Vallabhai Road, Chockikulam, Madurai 625 002
5.T.Uma “Visalakshi” New No.12, Old No.14, Vallabhai Road, Chockikulam, Madurai 625 002
6.PL. Narayanan “Visalakshi” New No.12, Old No.14, Vallabhai Road, Chockikulam, Madurai 625 002
7.N.Shanmugasundaram Plot No.1, Ground Floor, Manasri Apartments, 7(3) Luz Avenue 1st Street, Mylapore, Chennai 600 004
Respondents
PRAYER: Petition filed under Article 226 of the Constitution of India seeking issuance of a writ of certiorarified mandamus calling for the records pertaining to the impugned web notice issued by the 1st respondent bank under the title “Web Notice for Transfer of Stressed Loan Exposures” dated 09.05.2026 proposing transfer/assignment of the stressed loan exposure to an Asset Reconstruction Company, quash the same and consequently refrain the 1st respondent bank from proceeding any further pursuant thereto.
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W.P.No.20894 of 2026
For Petitioner: Mr. Rithik Rahul.P.K.
ORDER
(Order of the Court was made by the Hon'ble Chief Justice)
Learned counsel for the petitioner seeks to withdraw the writ petition.
(SUSHRUT ARVIND DHARMADHIKARI, CJ) (G.ARUL MURUGAN,J) 02.06.2026 Index : Yes/No Neutral Citation : Yes/No bbr
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W.P.No.20894 of 2026
THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN,J.
bbr
W.P.No.20894 of 2026
02.06.2026
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1 provisions across 1 enactments
T.Narayanan
M/s.Industrial Development Bank of India
M/s.Sree Narayana Textiles Pvt. Ltd.
N.Palaniappan
T.Saraswathi
T.Uma
Sushrut Arvind Dharmadhikari
G.Arul Murugan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
